S Chand & Company's Q1 financials show mixed performance, with a decrease in profits but increase in sales

Aug 13 2024 11:47 AM IST
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S Chand & Company's financial results for the quarter ending June 2024 show a mixed performance. While the company's debt-equity ratio has improved and net sales have increased, there has been a significant decline in profit before and after tax. MarketsMojo has given a 'Sell' call for the company's stock based on these results.

S Chand & Company, a microcap printing and publishing company, has recently declared its financial results for the quarter ending March 2024. According to the latest report, the company's performance has remained flat in the last quarter, with a score of 2 out of 16. This is a significant drop from the previous quarter's score of 16.

However, there are some positive aspects to S Chand & Company's financials for the quarter ending June 2024. The company's debt-equity ratio has been consistently low at 0.14 times in the last five half-yearly periods, indicating a reduction in borrowing compared to equity capital. Additionally, the company's net sales for the nine-month period have increased to Rs 624.13 crore, surpassing the previous 12-month period's sales of Rs 604.86 crore.

On the other hand, there are some concerning factors in S Chand & Company's financials for the quarter ending June 2024. The company's profit before tax (PBT) has fallen by -3430.77% year on year, with a quarterly PBT of Rs -4.59 crore. Similarly, the company's profit after tax (PAT) has also decreased by -178.9% year on year, with a quarterly PAT of Rs -2.06 crore.

Overall, S Chand & Company's financial performance for the quarter ending June 2024 has been mixed, with some positive and negative trends. Investors should carefully consider these factors before making any investment decisions. MarketsMOJO has given a 'Sell' call for the company's stock based on its latest financial results.
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